But the inflation seems to be a combination of factors.

The dollar is weaker, interest rates are on the rise, and inflation seems to have bottomed out.

Yet inflation does not seem to be driving customers away.

So far, he said, inflation must be watched but "doesn't seem to be that much of a problem."

On one hand, inflation does not seem to be in evidence across the country.

Although inflation seemed to be out of control, the Polish economy gradually started to get back on track.

So it makes sense that gold would decline in popularity when inflation seems to be under control in the major countries.

In 2002, as a Fed governor, that became a special concern when inflation seemed to be moving toward zero.

Business had been so hurt by high interest rates and inflation that joining in the pact seemed to make sense to its leaders.

Also, the inflation that is not showing up in wages seems to have been channeled into the market itself.